11. The graph below represents the cost and revenue curves a monopoly S 18 17 16 15 14 13 12 11 10 9 8 7 6 5 4 3 2 1 MC MR 150 160 170 140 110 1000000 What is the consumer surplus? [a.] $1100 [b.] $550 [c.] $390. [d.] $275 ATC 180 : Quantity
11. The graph below represents the cost and revenue curves a monopoly S 18 17 16 15 14 13 12 11 10 9 8 7 6 5 4 3 2 1 MC MR 150 160 170 140 110 1000000 What is the consumer surplus? [a.] $1100 [b.] $550 [c.] $390. [d.] $275 ATC 180 : Quantity
Chapter1: Making Economics Decisions
Section: Chapter Questions
Problem 1QTC
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help please answer in text form with proper workings and explanation for each and every part and steps with concept and introduction no
![11. The graph below represents the cost and revenue curves a monopoly
S
18
17
16
15
14
13
12
11
10
9
8
7
6
5
4
3
2
1
MC
MR
150
160
170
140
110
1000000
What is the consumer surplus?
[a.] $1100
[b.] $550
[c.] $390.
[d.] $275
ATC
180
:
Quantity](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F177f30cc-9d98-482d-ae24-96eeb9f84cc2%2F94cbb8d5-030d-4ad2-a632-8469a4658f63%2F2jvcam_processed.jpeg&w=3840&q=75)
Transcribed Image Text:11. The graph below represents the cost and revenue curves a monopoly
S
18
17
16
15
14
13
12
11
10
9
8
7
6
5
4
3
2
1
MC
MR
150
160
170
140
110
1000000
What is the consumer surplus?
[a.] $1100
[b.] $550
[c.] $390.
[d.] $275
ATC
180
:
Quantity
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